Economy

Trump orders halt to U.S. trade with Spain over NATO spending dispute

The U.S. president criticized Madrid’s refusal to meet the alliance’s new spending target 

World Bank keeps China GDP growth forecast at 4.4 percent for 2026 as AI investment supports economy

The economy remains resilient despite global energy and external risks

U.S. trade deficit widens to 14-month high of $77.6 billion as AI investment fuels import surge

Record capital goods imports and strong domestic demand weighed on second-quarter growth

Japan to invest $12 billion in India to boost cooperation in key sectors

India and Japan agreed to deepen cooperation in areas including artificial intelligence, critical minerals, energy and defense

Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease

Fresh Eurostat data suggests price pressures in the euro area are becoming less intense 

South Korea to invest over $517 billion in new semiconductor production base

Samsung Electronics and SK Hynix will jointly invest 800 trillion won to build two advanced semiconductor fabrication plants each

U.S. inflation breaks 4 percent level for first time since 2023 as oil shock pushes prices higher

Rising energy prices linked to Middle East tensions push inflation above Fed target levels

EU approves tariff cuts on U.S. goods under Trump trade deal agreement

The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensions 

European Parliament advances digital euro plan as EU moves closer to central bank digital currency

Proposed central bank digital currency would complement cash and strengthen payment sovereignty

ECB keeps cautious stance as Lagarde signals limited room for more rate hikes

Policymakers remain focused on inflation while supporting economic growth 

Europe’s climate damage costs hit $941.7 billion as fiscal risks grow

A new report highlights the rising economic burden of extreme weather across the EU 

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

The central bank warned that geopolitical tensions are clouding the inflation outlook 

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurostat data showed inflation accelerated across both the euro area and the European Union

Bank of Japan raises interest rates to 31-year high

The central bank raised its short-term policy rate to 1 percent from 0.75 percent, pushing borrowing costs to their highest level since 1995

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentum 

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

The member states' share of global trade has more than doubled since inception

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen

Japan’s Q1 2026 real GDP expands 0.5 percent, marking an annualized 2.1 percent growth rate

Nominal gross domestic product increases 0.8 percent during the three-month period

ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks

Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence

Japan signs $2.2 billion loans for projects under $550 billion U.S. investment pledge

The first three projects include an oil export facility ​in Texas, ​an industrial ⁠diamond plant and a natural gas-fired power plant